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The parents of a newborn decide to make deposits into an educational savings account on each of their daughter's birthdays, starting with her first birthday.
The parents of a newborn decide to make deposits into an educational savings
account on each of their daughter's birthdays, starting with her first birthday.
Assume that the educational savings account will return a constant per year.
The parents deposit $ on their daughter's first birthday and plan to increase
the size of their deposits by each year. How high will be the amount available
right after the last installment on her th birthday?
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